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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.55%
7d Period Avg+7.94%
swing±19.14%
LONG Variational · now
+10.96%
7d avg:−1.04%
SHORT Binance Futures · now
+10.41%
7d avg:+6.90%
Entry Spread Now
+0.041%
Eaten by executionL 1.8612 · S 1.8620+$4.14 if it converges
24h range −0.21%…+0.62% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$7.69
−0.08%
$Avg Daily PnL
+$2.17
+0.0217%
★Best Day
+$7.84
Sep 23
◎Open Interest
⚡Funding APR
+7.94%
annualized · funding only
⚠Execution Cost
−$22.91
entry + exit fees
⏱Payback
10.5d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$22.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.